Three Pine Ridge
Stabilized Investment Opportunity in Lenexa.
Marketing description
Three Pine Ridge (the "Property") is a 62,225-square-foot, multi-tenant office building located at 10901 W. 84th Terrace in Lenexa, Kansas. This is one of the Kansas City metro's most desirable suburban office submarkets. The Property is strategically positioned within Johnson County, offering convenient access to major transportation corridors and strong surrounding amenities, making it attractive to a diverse tenant mix.
The Property is currently 95.8% occupied by a stable roster of tenants across a variety of industries, including engineering, professional services, and flexible office providers. The rent roll is anchored by Henderson Engineers (21,864 SF) and complemented by a mix of long-term tenants with staggered lease expirations, providing durable in-place income and minimized rollover risk. The Property has a 100% renewal rate of tenants over the past 5 years.
Investment highlights
- Building Size: 62,225 SF
- Year Built: 1986
- Occupancy: 95.84%
- Floors: 4
- Tenants: 8
- Site: 3.18 Acres
- Net Operating Income: $833,843
- Asking Price: Market
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